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Dispatches: China ponders opening up insurance market to foreign firms

China’s insurance regulator is considering opening the market for compulsory automobile insurance to foreign firms, said three people with knowledge of the matter. (Bloomberg)

Bank of Singapore announced yesterday that it has appointed Mr Jan Lee as chief economist. (Asia One)

More banks in Shanghai have halted third home mortgages while a stress test on a price slump is in the running as China beefs up risk control on home loans. (Shanghai Daily)

HSBC Bank Australia has announced a major push into Australia’s business banking market with a transactional banking offering and international products and services targeting Australia’s internationally oriented small to medium enterprises (SMEs). (Money Management)

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